Business
Newmark Promotes Richard Holden to President of Property Management
Holden will be responsible for leading one of Newmark's growing service lines, providing best-in-class property management solutions NEW YORK, May 24, 2021
About this update from Newmark Group, Inc.
[{"type":"text","content":"Holden will be responsible for leading one of Newmark's growing service lines, providing best-in-class property management solutions\n\n\nNEW YORK, May 24, 2021 /PRNewswire/ -- Newmark today announced the promotion of Richard Holden to President of Property Management. Mr. Holden will guide Newmark's Property Management service line, one of the platform's key global business lines. He will employ a continued focus on increasing efficiencies for operations and service for assets across the commercial real estate sector. \n\n \n \n \n \n \n \n\n \nNewmark's Property Management business designs a property-specific service delivery structure that effectively meets the needs and business objectives of our clients. Newmark currently provides management services for over 150 million square feet of properties, offering a suite of holistic property management services including: accounting and financial reporting; customer service; maintenance and engineering; energy and sustainability services; operational efficacies; project management services; receivership services; facilities management; and tenant experience. Mr. Holden will report to Newmark's Chief Revenue Officer and East Region Market Leader, Luis Alvarado. \n\"There has continued to be solid growth in Newmark's Property Management business, which is an integral part of our investor service platform along with capital markets and agency leasing,\" said Alvarado. \"Richard has brought tremendous value to Newmark and has continued to deliver the top-level service to which our clients are accustomed. We look forward to seeing him grow and flourish in his new role as a valued member of the Newmark family.\"\nIn his role as Executive Vice President and Co-head of Property Management, Mr. Holden was responsible for overseeing the Property Management platform–with a focus primarily on speed, efficiency, and capability–in Arizona, California, Colorado, Minnesota, Nevada, Oregon, Utah and Washington. Prior to joining Newmark in 2019, Mr. Holden held roles as an Executive Vice President at commercial real estate consulting firm, Davis Partners, for five and a half years, where he was responsible for significant growth of the company's property management portfolio; and a partner at Woodmont Real Estate Services for seven years. \n\"Newmark's Property Management service line has an import...